Credit unions interested in the Community Development Financial Institutions (CDFI) Fund Small Dollar Loan Program can get valuable information on a Nov. 8 webinar hosted by CDFI Fund and NCUA, scheduled to begin at 2 p.m. ET.
Rep. Earl Blumenauer, D-Ore., announced he will not seek re-election in 2024. Blumenauer has served in Congress since 1996 and has supported numerous credit union priorities during his career, including the SAFE Banking Act and expanded member business lending authority.
CUNA Senior Economist Ligia Vado delves into the scale of the potential effect the lift of student loan forbearance can have on credit union asset quality performance in CUNA's Economic Update and showcases initiatives that help credit unions to strategically market and service the Hispanic and Latino market.
CUNA, NAFCU and other financial trade associations wrote to the Consumer Financial Protection Bureau Friday requesting an extended comment period for the bureau’s proposed personal financial data rights rule, to at least 90 days (more than the proposed 60).
CUNA provided suggestions on how to improve NCUA’s speaker request forms in comments filed Friday, noting regulated credit unions’ ability to provide feedback to their federal regulator is of critical importance and beneficial for both NCUA and credit unions it supervises and insures.
The NCUA staff draft budget for 2024–2025 is now available on the agency’s website for review and comment. The draft budget has also been submitted for publication in the Federal Register, and the comment period is open until Nov. 21.
Credit unions are now protected by a nationwide injunction preventing implementation of the CFPB's section 1071 rule, after the U.S. District Court for the Southern District of Texas issued an order staying the rule for all covered financial institutions.
CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger hit back against a recent survey from bankers that misleadingly asserts consumers don’t support the credit union tax exemption in a new op-ed in RealClear Markets.
Credit unions are concerned that the exponential growth of "buy now, pay later" products has outpaced prudential regulatory oversight and will ultimately lead to consumer harm, CUNA wrote to a House Financial Services subcommittee for its hearing on innovation in financial services.